Wall Street brokerages expect Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) to announce earnings per share (EPS) of $0.11 for the current quarter, Zacks reports. Three analysts have issued estimates for Descartes Systems Group’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.13. Descartes Systems Group reported earnings of $0.10 per share during the same quarter last year, which indicates a positive year over year growth rate of 10%. The firm is scheduled to report its next earnings report after the market closes on Wednesday, December 4th.
According to Zacks, analysts expect that Descartes Systems Group will report full year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.34 to $0.46. For the next financial year, analysts forecast that the company will report earnings of $0.61 per share, with EPS estimates ranging from $0.52 to $0.65. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Descartes Systems Group.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Descartes Systems Group had a net margin of 10.58% and a return on equity of 5.28%. The firm had revenue of $80.54 million during the quarter, compared to analyst estimates of $80.32 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. Descartes Systems Group’s revenue for the quarter was up 20.0% compared to the same quarter last year.
Several research firms have recently weighed in on DSGX. CIBC reissued a “hold” rating and issued a $45.00 price objective on shares of Descartes Systems Group in a research report on Tuesday, October 29th. Royal Bank of Canada upped their price objective on shares of Descartes Systems Group from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday. Raymond James set a $36.00 price objective on shares of Descartes Systems Group and gave the company a “market perform” rating in a research note on Thursday, September 5th. Haywood Securities set a $44.00 target price on Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, ValuEngine cut Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Descartes Systems Group has a consensus rating of “Buy” and a consensus target price of $43.80.
A number of hedge funds have recently modified their holdings of DSGX. Millennium Management LLC grew its stake in shares of Descartes Systems Group by 291.5% in the 3rd quarter. Millennium Management LLC now owns 124,596 shares of the technology company’s stock worth $5,022,000 after buying an additional 92,767 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Descartes Systems Group by 4.8% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 10,272 shares of the technology company’s stock valued at $415,000 after buying an additional 475 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Descartes Systems Group by 15.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,185,641 shares of the technology company’s stock valued at $88,103,000 after acquiring an additional 284,803 shares during the period. Congress Asset Management Co. MA bought a new stake in Descartes Systems Group in the third quarter valued at $536,000. Finally, Comerica Bank grew its position in Descartes Systems Group by 57.9% in the third quarter. Comerica Bank now owns 130,906 shares of the technology company’s stock valued at $5,077,000 after acquiring an additional 47,983 shares during the period. 79.34% of the stock is owned by institutional investors and hedge funds.
DSGX stock traded down $0.64 during midday trading on Tuesday, reaching $42.22. 6,240 shares of the stock were exchanged, compared to its average volume of 60,943. Descartes Systems Group has a 52 week low of $25.19 and a 52 week high of $43.76. The company has a fifty day moving average price of $40.50 and a 200 day moving average price of $38.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $3.60 billion, a PE ratio of 105.58 and a beta of 0.69.
Descartes Systems Group Company Profile
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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